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FOX News
Dec 29, 2012 7:00am PST
nomically. at least do a dumb deal now and get people over the fiscal cliff and kick the can down the road, that's going to happen anyway. >> steve, no deal, bad deal? i kind of feel like i'm playing poker. what do you think? >> i can't believe it, but i agree with jim. the most deficit reduction is going to come from no deal. and that's what we need. that's what this economy needs, the biggest threat to economic growth, if the deficit and the debt, 4 trillion, everybody talks about it as some sort of grand bargain. it's barely a start. this isn't a fiscal cliff, it's a fiscal bunny hill, let's slide down it. >> if we slide down, jonas, in the first week, people are going to open up the paycheck and see less money there. i don't think that people understand that at this point. >> people get used to tax cuts, that's the problem. short-term expiring tax cuts, including the payroll tax cut. you know, it's not the best way to solve a problem, but this cliff is the result of not coming up with deals and they're not going to come up with battery deal, if it's negotiated it's not the ideal w
MSNBC
Dec 29, 2012 1:00pm PST
cliff counts down. i want bring in the senior congressional reporter in politico. it's clear from what was said yesterday, that he believes that the senate leaders can put together a deal. take a listen. >> i just had a good and constructive discussion here at the white house with the senator and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that could pass both houses in time. >> what had to happen behind the scenes? what had to transpire in the room for the president to express any optimism that a deal could be made? >> i think it was positive sounds by mitch mcconnell. the senator minority leader wants a deal. he knows in the new year, it will be harder to get a deal to the republican likings if it goes over the cliff. the republicans will suffer a bigger amount of the blame and there will be more democrats in congress in the next two years and at that point, it will be harder to shape a deal how they want it to be shaped. so mcconnell wants a deal. they are negotiating with harry reed as w
PBS
Dec 28, 2012 6:30pm PST
" tonight says that going over the fiscal cliff doesn't mean stocks will go down. he's tom herzfeld, president of thomas herzfeld advisors. >> tom you saw today thereactioe worries of the fiscal cliff. why do you think otherwise. >> i'm not as concerned aboutt e you have been speaking with. i'm a bull on the fox and i stos and i would regard it as a adverse opportunity. >> susie: you are saying there are some nice opportunities there. you have two equity funds therement let's start with the clo wait w opportunity. it's trading at a 14% discount and paying out a 9% difficult tend difficul dividend. it's good stock for 2013. the other stock petroleum and resource they are under valued right. >> they pay out 6% and they arey revise it the stock will go up and the discount will narrow. >> let's switch gears.you think3 is cuba. why should we look at cuba stocks. >> i think president obama want. interestingly the employment of senator kerry who favors the embargo is significant. cuba wants it limi lifted and we positioned the por port feel p o the lifting. >> susie: why do you like seaboa
CBS
Dec 28, 2012 7:00pm EST
" tonight says that going over the fiscal cliff doesn't mean stocks will go down. he's tom herzfeld, president of thomas herzfeld advisors. >> tom you saw today thereaction in the markets on the worries of the fiscal cliff. why do you think otherwise. >> i'm not as concerned aboutthis issue as movement of most of the people you have been speaking with. i'm a bull on the fox and i stocks and i would regard it as a adverse opportunity. >> susie: you are saying there are some nice opportunities there. you have two equity nds therement let's start with the clo wait aw opportunity. it's trading at a 14% discount and paying out a 9% difficult tend difficult dividend. it's good stock for 2013. the other stock petroleum and resource they are under valued right. >> they pay out 6% and they areshowing a 3% yield and once they revise it the stock will go up and the discount will narrow. >> let's switch gears.you think the big story for 2013 is cuba. why should we look at cuba stocks. >> i think president obama wantsto lift the embargo. interestingly the employment of senator kerry who favors t
FOX Business
Dec 29, 2012 12:00am EST
any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on this game. >>> iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. is iran just sabre-rattling or gearing up for something much bigger? even when they say it's not, it is always about money. adam: and a good evening to you. melissa francis will be back after the first of the year but right now let's look at today's market headlines of the investors were largely gripped by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fifth straight session. the dow, the dow fell below the 13,000 mark closing down 158 points. fiscal cliff anxiety sent the so-called fear index, the vix, soaring more than 14%. it is now up close to 30% this month. >>> barnes
CBS
Dec 28, 2012 11:00pm PST
closed down. >>> going over the fiscal cliff will have several impacts on your wallet. a 2% payroll tax cut and a series of other temporary tax cuts will expire, along with other credits and deductions. your grocery costs, especially for dairy products, could suddenly skyrocket. federal long-term jobless benefits would expire. but the price of gas could actually go down because of the declining demand. another tax you'll see rise is the estate tax. cbs reporter john blackstone shows us how tumbling off the fiscal cliff could destroy the legacy of a napa valley vineyard. >> reporter: when his great grandfather started farming her in the late 1800s... >> they farmed orchard fruit and cattle. >> reporter: but much of the land he grew up on is gone, sold, to pay estate taxes after his grandfather's death. >> had to sell all of it. >> estate taxes? >> yes. >> reporter: his grandfather died in 1972 when estate taxes were at an all-time high, 77%. >> it was a big tax bill. it was, you know, half a million dollars. we sold off 150 acres. it gave us something to pay the tax with. >> reporter
FOX
Dec 28, 2012 10:00pm EST
stocking up on ice melt and shovels. >>> as the clock ticks down towards the fiscal cliff, president obama says he is hopeful to get a deal done soon. the president held talks today with congressional leaders at the white house this afternoon and afterwards said the meeting was constructive. fox's nicole collins has the details tonight. >> reporter: house speaker john boehner back in washington immediately heading to the white house for a late afternoon fiscal cliff meeting which brought the president and congressional leaders together for the first time since november, but it's unclear if it brought country any closer to avoiding the fiscal cliff. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. >> reporter: the president called the meeting as lawmakers pointed fingers in this high stakes game of chicken. >> it's republicans who are holding hostage the middle class i
CW
Dec 28, 2012 10:00pm PST
dow jones closed down. >>> going over that fiscal cliff will certainly impact your finances in several ways, some bad and some surprising. a series of temporary tax cuts for businesses will expire along with other credits and deductions. your grocery costs could go up. federal long term jobless benefits would expire for millions, but the price of gasoline could go down because of declining demand. >>> another tax you will see go up is the estate tax. >> reporter: jeff page owns 120- acre vineyard in napa valley. but when his great grandfather came here, this was cattle country. >> before the turn of the century they came in and farmed orchard fruit and cattle. >> reporter: but much of the land he grew up on is gone. >> had land in the hills over there? >> yeah. >> had to sell it all. >> yeah. >> for state tacks. >> question. >> reporter: his for died in 1972 when state taxes were 77%. >> it was a big tax bill. half a million dollars, we sold off 150-acres. >> now jeff and his wife mary worry their dream of passing the land onto their two daughters will be ruined by the fiscal c
FOX News
Dec 29, 2012 3:00am PST
brink. the latest on the fiscal cliff. let not your heart be troubled. that is all the time we have left but greta is standing by >> juliet: wake up, everybody, it's saturday, december 29th. i'm juliet huddy. down to the wire for a fiscal cliff deal. and is it mitch mcconnell to the rescue. live in washington on the 11th hour negotiations. >> and did you know about to fall off the dairy cliff? >> juliet: have you seen the prices? >> dave: as high as 8 bucks a gallon for milk. >> clayton: oak ridge boys bush. special number tribute for number 41. "fox & friends" begins right now. >> am i wrong about that don't the have a deep voice? ♪ >> oak ridge boys have been on this show many times on "fox & friends." >> good morning, everyone. >> dave: good morning. juliet huddy celebrating an early new year's eve. is it new year's eve? >> juliet: sparkly shoes and everything. i feel like we are waking up at 4:00 in the morning on saturday i better be festive. >> clayton: that's what woke me up this morning. >> juliet: this is a beautiful set it has inspired me. >> dave: it's spectacular. >> juliet: it is. >> dave: it's fiscal cliff time. couple of days away. rare i wake up and say i'm moderately optimistic
CNN
Dec 29, 2012 3:00pm PST
year's eve ball to drop as president obama and republicans stare down the fiscal cliff deadline. >>> plus, a new worry for hundreds of american families who want to adopt. we'll tell you what is behind the controversial move by russian lawmakers. >>> and a new exposes what it calls the gun next door. is it a way to protect communities against gun violence? welcome to united states and around the world, wolf blitzer is off. i'm candy crowley. you're in "the situation room." >>> washington is a deadline-oriented city, and this coming week brings one that is a real doozy, billions in tax increases and across-the-board spending cuts take effect. it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the
KRON
Dec 28, 2012 8:00pm PST
another down note. investors - again worried about the fiscal cliff. the dow lost 158-points,. its current 5-day losing streak is the longest since july. the nasdaq dropped 25- points. and the s-and-p lost 15. welcome back everyone >> the biggest and the bay area sports. the sports figure will leame to ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >> jacqueline: we can see the stormtracker 4. it will stay along the coast however with light showers through san francisco. it could have here through the sunset district and over daly city. the bulk of the rainfall will be slowly towards the coast. the satellite and radar showing the core of the storm. it is surrounded by cold air. snowfall through northern california the snowfall totals will also be dropping. this will go towards a southern california. this yellow with the heavier rainfall finally pressing against the coast. and futurecast has been slow to bring it i
ABC
Dec 28, 2012 11:00pm PST
wire big time. the fiscal cliff is really in sight now. >> it is deja vu all over again. >> the president chastising congress to do their jobs, but will they? details on what happened next. and violence against women. the vigil tonight in san francisco for a woman who lived and died brutally half a world away. and live doppler 7hd is tracking the rain and moving into the bay area. meteorologist sandhya patel is up next to show you when the rain will hit your neighborhood and a look ahead to new year's. that's all coming up. and then late other "nightline." >> i'm terry moran. dan, up next on "nightline," they are not rich, but they fly all over the world in first class for free. the extreme methods and secret tips of frequent flier mileage hoarders. and a national memory champion tonight. he will share his astonishing >>> senate leaders will work through the weekend to a avoid the fiscal cliff. there are fewer than four days left for taxes to go up for all-americans. the president met with republican and democratic leaders today to discuss a time frame for the next few days. it
CNN
Dec 28, 2012 4:00pm PST
, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. because it's the final 100 hours of the ford year end celebration. last chance to get the best deals of the year on america's freshest lineup. hurry in for the great mileage. hurry in the latest technology. the clock is ticking. so hurry to the final 100 hours of ford's year end celebration. before everything's gone. and one more thing...hurry. get a focus with 2000 cash plus 500 year end bonus cash with no charge sync and sound during the final hundred hours of the ford year end celebration. only at your local ford dealer. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print
KOFY
Dec 29, 2012 12:00am PST
wire big time. the fiscal cliff is really in sight now. >> it is deja vu all over again. >> the president chastising congress to do their jobs, but will they? details on what happened next. and violence against women. the vigil tonight in san francisco for a woman who lived and died brutally half a world away. and live doppler 7hd is tracking the rain and moving into the bay area. meteorologist sandhya patel is up next to show you when the rain will hit your neighborhood and a look ahead to new year's. that's all coming up. and then late other "nightline." >> i'm terry moran. dan, up next on "nightline," they are not rich, but they fly all over the world in first class for free. the extreme methods and secret tips of frequent flier mileage hoarders. and a national memory champion tonight. tonight. he will share you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here, and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. uncle earni
ABC
Dec 29, 2012 8:00am EST
effort to try to keep the country from falling off the fiscal cliff, sending everybody's taxes up and possibly sending the country into another recession. it's down to the wire with just three days left. and abc's lisa stark has the latest on the last-minute wheeling and dealing being done in washington. good morning, lisa. >> reporter: good morning, bianna. well, the next 24 hours are critical. the president this morning in his radio address, told lawmakers don't let washington politics get in the way of american progress. so, today, the last-ditch attempt to put together a deal is under way. and the ball is in the senate's court. there's nothing like a deadline to force action. the president met with congressional leaders friday for the first time in six weeks. then, proclaimed himself modestly optimistic. but warned -- >> the american people are watching what we do here. obviously, their patience is already thin. >> reporter: with the clock running out, here's the game plan. the democratic and republican leaders in the senate will spend today trying to hash out a bipartisan agreement. >> i'm hopeful and optimistic. >> reporter: but if there is no
CNN
Dec 28, 2012 8:00pm PST
about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. ve, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyqui
FOX Business
Dec 28, 2012 8:00pm EST
fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members.
CNN
Dec 28, 2012 11:00pm PST
pentagon. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...a
FOX News
Dec 28, 2012 11:00pm PST
-ditch attempt to come to an agreement on how to avoid the looming fiscal cliff crisis. but as the hours tick down, neither side is optimistic. what will that mean for the american people? eric? >> again, i am on the record as saying, i was with you this morning saying i think we should name it the obama cliff and i think we should swan dive off of it because it's the only way democrats will cut spending because they are forced into it. if nothing happens, if a deal isn't struck over the next couple of months, people's paychecks will get smaller because payroll taxes will have expired. peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for everyone except those making $250,000 a year
CNN
Dec 28, 2012 5:00pm PST
the late breaking developments on the fiscal cliff negotiations which are coming down to the wire. it's a working weekend in washington. have a great weekend and a happy new year. "anderson cooper 360" starts right now. >>> john, thanks. we begin tonight with breaking news about your paycheck, your unemployment check, your defense job, the entire economy, you name it. all of it is at stake if the country goes over the fiscal cliff. it's a cliff that lawmakers built. they set the tuesday deadline, they knew it was coming for more than a year. but even now, they have done little to agree to a package before that time. keeping them honest, the people in this building have known what's coming on tuesday, yet they're only returning to this building to get back to work just now. senators came back yesterday. house members, well, they woet be back until sunday. this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards, president obama said he was modestly optimistic. bypassing house speaker john boehner who had trouble
ABC
Dec 29, 2012 1:05am PST
to the wire big time. the fiscal cliff is really in sight now. >> it is deja vu all over again. >> the president chastising congress to do their jobs, but will they? details on what happened next. and violence against women. the vigil tonight in san francisco for a woman who lived and died brutally half a world away. and live doppler 7hd is tracking the rain and moving into the bay area. meteorologist sandhya patel is up next to show you when the rain will hit your neighborhood and a look ahead to new year's. that's all coming up. and then late other "nightline." >> i'm terry moran. dan, up next on "nightline," they are not rich, but they fly all over the world in first class for free. the extreme methods and secret tips of frequent flier mileage hoarders. and a national memory champion tonight. he will share his astonishing >>> senate leaders will work through the weekend to a avoid the fiscal cliff. there are fewer than four days left for taxes to go up for all-americans. the president met with republican and democratic leaders today to discuss a time frame for the next few d
ABC
Dec 29, 2012 6:00pm EST
sunday night would look but time is running out. as the fiscal cliff deadline approaches -- >> i cannot believe we got this close. >> the sign of the times reflecting most americans' frustrations. >> sit down, go into a room, and don't come out until you take care of this. >> the fallout with no deal. and every american's tax rates are going up. every american's paychecks will get a lot smaller. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is constructive and it is getting done. we will see. >> this eveleaders in the senate are signaling they are ready to compromise. >> i'm hopeful and optimistic. and if there were is no deal the president wants an up or down vote extending tax cuts for those making a quarter million dollars or less. >> i will urge the senate to hold an up or down vote on a basic package to protect the middle class from a tax hike extend vital unemployment insurance for americans looking for a job. >> the impasse has shaken wall street, the dow jones falling 400 points since last week. business people but this man are worried about the future. >> we are deciding how many people we are hiring and we are figuring out ho
FOX News
Dec 29, 2012 3:00pm PST
, president obama's fiscal back up plan. should the president really be calling for a more scaled down agreement on the fiscal cliff without waiting to see what lawmakers come up with? we'll have a fair and balanced debate coming up. >> kelly: and countdown to new year's eve. we will have a live look at what goes into putting together one of the world's biggest celebrations. here is anna coy man with a preview. >> officials tested the confetti earlier this morning that will fall from the sky at midnight on monday night. i'll preview the big party here in the big apple and also talk with the late dick clark's wife after this break [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. >> kelly: a quick check of the headlines. four people have been killed in a plane crash in russia. investigators say the airline careened off the runway and caught fire. no
KRON
Dec 29, 2012 7:00am PST
the country from falling off the fiscal cliff. with the deadline just three days away the president and congressional leaders met at the white house for more talks. stacey cohan has the latest period >> centers called for them not to meet on saturday. house speaker john boehner said that he would not bring anything to the table on to the talks are resumed. >> ordinary people do their jobs and they need their lives. they sit down and they discuss things and things happen. if they have disagreements in this sort through them. the notion that our leadership cannot do the same thing is mind- boggling to me. it needs to stop. >> the time now is seven 07 a.m.. we will be right back. ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >> take a look at wall street this morning. stocks ended the week yesterday on another down notes. invesinvestors-a given word about the fiscal cliff. the dow lost 158 points, it is curre
FOX Business
Dec 29, 2012 2:00am EST
250 will be a big pill to swallow. this is a fiscal cliff that we can have 50 days, 6days down the road. it does not fix the problem if you will have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-second deals. gerri: okay, let's get tyler in here too, are republican strategist. is there any common ground can be found here? i mean, this seems to me like a last-ditch effort. let me tell you what it when it was announced today that there was going to be a meeting at 3:00 o'clock from expectations went through the roof. i think people thought something really big was going to happen at the end of the day. the president is saying that he is modestly optimistic. maybe you would be something by december 31. what do you make of it? >> he is modestly optimistic about no new chang here. you know, the country needs a leader. no matter what party you are from, that is what we need. that's what we need in the preside
FOX News
Dec 29, 2012 12:00pm PST
the wire for fiscal cliff deal. lawmakers are trying to draft a plan under the deadline. president obama says he is optimistic they will come to an agreement if not, deep spending cuts will kick in for nearly every american. helpis one step closer for super storm sandy. senate passing a bill to provide $60.4 billion in aid for states impacted by the disaster. bill now has to pass through the house of representatives. hurricane sandy was blamed for at least 120 deaths in areas from north carolina to maine, new york, new jersey and connecticut. i'm arthel nevil, now back to fox news watch. for all the latest log on to foxnews.com. i'll see you right here at 4:00 p.m. eastern alongside gregg jarrett. >> we will make sure that f there is anything is needed we get it out immediately. i want to thank you for everything you've done and we appreciate that. >> connecticut state police lieutenant paul advance talking to people. the killer committed suicide as police closed in on him. one of many tragedies that received major attention this year. it's a challenge for the media in covering a s
FOX News
Dec 28, 2012 4:00pm PST
from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard smith. and president obama says tonight there is still time to get a deal done before we fall off the fiscal cliff. and he demanded congress take action now before it's too late. the president spoke in the white house briefing room just about an hour ago now. he was visibly tense. frustration in his voice. >> america wonders why it is in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we are now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> harris: if congress cannot work out a deal, t
KRON
Dec 28, 2012 11:00pm PST
to keep the country from falling off the fiscal cliff.. with the deadline just 4- days away. the president and congressional leaders met at the white house for more talks. stacey cohan has the latest. >> reporter: president obama says that he and the nation are out of patience. he is urging congressional leaders to make an agreement. >> if an agreement is not made soon between which mcconnell and house speaker, john boehner i will perch read to bring in agreement that will protect the middle-class. >> reporter: with a high- stakes meeting they seem poised to work towards a solution. >> we are going to work hard to see if we can get there in the next 24 hours. i am hopeful. >> i am going to do everything i can in my power. what ever we come up with is not going to be perfect. some people are not going to like it. >> reporter: senate majority leader reed says that there were hoping not to have to meet on saturday and house speaker, john boehner will not bring anything until it is passed by the senate. however, if nothing is done unemployment benefits will expire payroll deduction w
MSNBC
Dec 29, 2012 12:00am PST
effort, then there is no way that we can make that fiscal cliff deadline. it's going to require the republican leadership to be willing to have a traditional up or down vote on the majority leader's legislation. >> well, for a man who's filibustered his own legislation, that's a tall order, to be sure. >> it is, but it happens in the context of all of us looking at what kind of filibuster reform there should be. >> right. >> and if republicans want to show the american people that at that juncture, with everybody watching and so much at stake, they're going to force a fiscal cliff breaking filibuster, i think that's going to have effects that they're going to be very concerned about down the road. so we have kind of a filibuster window here, if the minority leader, if the republican leader will let us proceed that way. >> well, from your mouth to your 99 colleagues' ears, to be sure. >> yeah. >> let's take a listen at your leader, your senate majority leader reid after the meeting. >> i hope everything's a good sign. i've had my confidence destroyed on other occasions, so i hope it's not on this occasion. >> do you share harry reid's cautious optimism the
CNN
Dec 29, 2012 10:00am PST
the fiscal cliff showdown and why politicians will not back down from signing his anti-tax pledge. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. stayingctive can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as high blood pressure or when nsaids are taken for long
CNBC
Dec 28, 2012 7:00pm EST
, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures continue to trade and they suggest that if the dow jones industrial average were to open right now it would be down 315 points. the nasdaq would be down a whopping 51 and the s&p 500 down 39. here now is larry glazer from the mayflower advisers and director at tjm institutional services. guys, when we open on monday, is it going to look that bad? jim? >> it depends on what happens. this is the way uncertainty works, but, you know, i thought for a month that one of two things was possible, one that we go over the cliff and the republicans have ground cover to be lowering taxes and not raising them or these are guys who crave the stage. how are they not going to take it down to the 11th hour? they'll never be able to stand in front of their constituents and say they fought the good fight and by my logic it's still december 28th. this is not done yet. the risk is coming in on monday and hav
ABC
Dec 29, 2012 8:00am PST
, kick the can down the road bill that creates another fiscal cliff to deal with this if physical kliof. how irresponsible is that? >> and stock market burns, dropping for the fifth straight day. >> there is america and they should be working for the american people. >> parties are dying to outdo each other. >> get in the room and don't come out of that room until you have taken care of. >> leaders hope to put a plan together and bring it to the senate tomorrow, then by tomorrow night the house is back in session they can vote on any plan passed by the senate, but no one is holding their breath. >> katie: president obama is making alternative plans in case congress does not vote to avoid the cliff. president obama says if lawmakers don't reach a deal he will propose a different vote. >> i will urge the senate to hold an upper down vote to basic package, extends unemployment insurance and lays the ground works for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as they let it come to
FOX
Dec 28, 2012 5:00pm PST
up with a small, kick the can down the road bill that creates another fiscal cliff to deal with with fiscal cliff. >> reporter: lawmakers are talking about how to retroactively avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other people, the fiscal cliff might as well be a financial guillotine. though ilea thomas searches, she's been out of work for two years picking up any odd jobs as much as she can. >> it's been discouraging. i come in here three times a week and maybe i'll go to a friend's house and use their internet to look for work. >> reporter: long term unemployment benefits have been a life send. >> i can breathe a little while i'm looking for work. even though it's not the same amount that i was getting when i was working. >> but thomas is one of 4
NBC
Dec 28, 2012 11:00pm EST
down for an exclusive interview with david gregory as the fiscal cliff deadline approaches. watch the interview this sunday morning at 10:30 here on nbc 4. >>> a huge turnout at the what's called the nation's gun show in shantilly, virginia, today. thousands of people attended. some vendors sold out. it is marred by controversy following the shooting at sandy hook elementary school in connecticut. darcy spencer has our report. >> reporter: it's the second oldest gun show in the commonwealth of virginia and talk of enacting tighter gun control laws is drawing in buyers. >> a lot of people buying the assault-type rifles because they're afraid they're going to be banned. >> reporter: dealer bob starr says he sold every rifle but this one within an hour and 40 minutes on the opening day of the three-day show. why are so many people buying? >> one thing. fear. fear. >> this is the logic of the leaders of the nra to add more guns around our schools. >> reporter: there was an anti-gun protest outside the show, still hundreds of people lined up to get in even before the doors opened. this
FOX News
Dec 28, 2012 8:00pm PST
much with the fiscal cliff. signing how anyone with give them credit. they've lost supporters in florida they're down to a third of who they had. >> don't you think they had jobs so they moved on? like that is the one -- the distraction they have is that they work for a live something. >> they don't have luxury to go hang out and park. they have jobs. in this economy some are working three jobs trying to feed their family but they have influence and hold the ability to ruin a political politician's career by not voting for them again. it doesn't mean they don't have influence f they didn't have influence we'd have a deal right now. it's small government, low taxes preventing this deal from happening. >> they have so much influence they hurt the republicans into winning back the senate. >> no. no. they hold them acat kthable. >> they have -- so many idiots you can name, read it there, thank goodness for a tea party opponent he had. >> no. absolutely not. >> no? >> the poll is not responsible for. they hold republicans accountable. they don't come to capitol hill or start raising taxes. they don't what. t
KOFY
Dec 28, 2012 9:00pm PST
you cap get one on your car. >> and bit later. bit of optimism today about the fiscal cliff. president last minute message to congress as the count down gets very close now. >> we are tracking the latest rain come in on live doppler 7hd. rain moving over the bay area now. live picture. lisa ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >> don't be surprised if you run across one of these in your neighborhood over the next few days. right now the highway patrol and other local law enforcement agency around the bay area are launching their annual crack down on drunk drivers. dui checkpoint in place tonight through the bay area and they will be up and running through new year's day to try to keep people safe and drugs off the road. >> one bay area lawmaker proposing new solution for getting repeat drunk drivers off the road. already being used in other states and some considering it here. david has the story. >> thinking behind proposed crack down over repeat offend
NBC
Dec 28, 2012 7:00pm EST
. it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met with house and senate leaders along with the treasury secretary and vice president a short while ago at the white house to try and forge a last-minute deal. the president says he is optimistic, but at this hour, the fiscal cliff still looms. we begin our coverage with nbc's white house correspondent, peter alexander who has been watching the developments all day. peter, good evening to you. >> reporter: natalie, good evening to you. after his first meeting with all of the top four congressional lawmakers since before thanksgiving, the president marched into the briefing room here at the white house and he said the time for immediate action is now. he called for a bipartisan agreement and said to congressional leaders, warning them the public's patience has worn out. after an hour-long closed-door meeting with the president, both the democratic
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